Dudley & Shanley Inc. Grows Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 43.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,900 shares of the semiconductor company’s stock after purchasing an additional 6,600 shares during the period. Dudley & Shanley Inc.’s holdings in Enphase Energy were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $26,000. CVA Family Office LLC bought a new position in Enphase Energy in the fourth quarter worth approximately $31,000. Addison Advisors LLC raised its stake in Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after buying an additional 304 shares in the last quarter. Blue Trust Inc. raised its stake in Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in Enphase Energy by 6,720.0% in the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mandy Yang acquired 4,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the transaction, the chief financial officer now owns 62,973 shares in the company, valued at approximately $6,564,305.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Thurman J. Rodgers sold 319,526 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the transaction, the director now owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandy Yang purchased 4,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares in the company, valued at $6,564,305.52. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 349,526 shares of company stock worth $43,721,225. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ENPH. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price objective for the company. in a research note on Wednesday, April 24th. Mizuho reduced their price objective on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Canaccord Genuity Group boosted their price objective on shares of Enphase Energy from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $128.00 to $124.00 and set an “overweight” rating for the company in a research note on Thursday, June 20th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $140.00 price target on shares of Enphase Energy in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.45.

Enphase Energy Stock Performance

NASDAQ:ENPH traded up $3.40 during mid-day trading on Wednesday, hitting $99.17. The company’s stock had a trading volume of 3,961,306 shares, compared to its average volume of 4,111,284. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 4.10 and a beta of 1.72. The business’s fifty day moving average is $116.43 and its two-hundred day moving average is $117.73.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The firm had revenue of $263.34 million during the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Analysts anticipate that Enphase Energy, Inc. will post 1.43 EPS for the current fiscal year.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.